ETHICS IN THE PROFESSION Essay Example | Topics and Well Written Essays - 1000 words

ETHICS IN THE PROFESSION - Essay Example â€Å"Investments involve the transfer of necessary, existing risk from one party to another. This doesn't mean that every investment is good or wise or safe, of course† (Rodeback). However, many others are of the view that investments cannot be considered as an unethical activity since most of the investments are used in the constructive purposes of the nation. They believe that there is no point in keeping the extra money in shelf and it is better to deposit it in legitimate channels. This paper makes a case study to analyze whether investments are ethical or not. Investments can be classified into three broad categories; private investments, entrepreneurial investments and social investments. In private investments, a person is lending his resources for buying ownership in enterprises for the sake of that person’s own enrichment. In other words, the motives of the investor are selfish. Such investors will invest their money based on the chances of getting more return s. For example, share trading is one of the major private investment channel in which many of the greedy individuals invest their money for maximizing their returns. However, the risks associated with such investments are more even though the chances of higher returns are high. It is often quoted that 90% of traders lose, which leaves only 10% of traders as consistent winners. The 90% of traders that lose in the markets are those for which trading is just another form of gambling whereas for the winning 10% it is a business (Wreford) From the above statistics, it is clear that both the winners and the losers in trading approached the trading activity with a wrong intention. The winner treated trading as another form of business and the loser approached it as another form of gambling. Business is always motivated by profit-making and thus it becomes unethical. On the other hand, many other people invest term deposits which offer fixed returns on maturity. Such deposits are safer even though the investor may get only a fixed amount of return. Non-greedy investors may invest in such investment schemes and we cannot argue that their activity is unethical since their motives were not selfish. In short, investments which offer high returns with higher risk are unethical whereas investments which offer fixed returns with minimum risks are ethical in my opinion. In other words, investments which generate high levels of risks can be considered as unethical investments. Entrepreneurial Investment is the second category of investment. In this type of investments, a party is lending or giving resources to enterprises for the sake of the success of that enterprise. The success of the enterprise will indirectly influence the economic success of a nation. For example, recently big organizations in America collapsed as a result of recent recession and subsequently, American economy also showed signs of destruction. Many people lost their employment because of the destruction of organizations and economy. If an investor invests in such organizations, the chances of recovery for that organization may increase even though the investor’s chances of losing money will also be increased. The recovery of the organization may help employees to protect their employment. In other words, the investor helped the organization and its employees immensely by putting his own

Statistical Reasoning Assignment Example | Topics and Well Written Essays - 1000 words

Statistical Reasoning - Assignment Example In strategic communication, statistics is also vital in formulation of policies and plans that require knowhow of further trends. For example, a business entity with a strategic intent of launching a new product and increasing production by 80% within the next 5 years needs statistics to achieve this. Using statistics, the business can plan concerning clients’ needs and likes. Checks on the quality of the product are more effective when using statistical methods. Decisions on new markets, site locations and profit estimation of the new products become easier with statistics. The government also relies heavily on statistical data and methods in laying down its economic strategies and budgets. Statistical data is most accurate information available when they are estimating expected revenues and expenditures (Sridhar, 2011). Statistics therefore, is vital in strategic communication as it provides facts to support the communicated concepts, statements and processes that are intended for an organization’s strategic goal by providing grounds for advanced planning (Sridhar, 2011). It facilitates forecasting based on current data and expected changes in the environment. A sample is taken from the population. A population is the sum of all individuals carries certain characteristics and to whom a researcher has interest in. A population can be a community of students in a college, teachers or even care racers. A sample refers to a subject of the population that is used to draw inferences regarding the entire population under study, considering some conditions. A sample constitutes different values from those of the population, and it is important for a researcher to minimize sampling error as much as possible (Hayes, 2009). A sample is important because, it is impossible to study the entire population. This would cost